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mike, you just got new details 23r* mitch mcconnell. what are they? >> that's right. discussions have been taking place all day. both sides have been trading paper, ideas and that talks continue. we understand legislative staff will continue working into this evening. meanwhile, huer is a fair and balanced look at where things stand. >> i do think that something will happen over the next few days relative to the revenue piece. hopefully we can rescue most americans from a tax increase. but what we haven't dealt with again is the spending component. jay we just can't afford -- >> we just can't afford a politically self-inflicted wound to our economy. keeping it that way means folks you sent to washington have to do their jobs. the housing market is healing, but that could stall as folks are seeing smaller paychecks. >> with time running out, it sounds like conservatives may have to fight spending when raising the debt ceiling is the new fight in the new year. harris? >> mike, democrats say they know they need republican help to get this through. they are counting on a
mike, you just got new details 23r* mitch mcconnell. what are they? >> that's right. discussions have been taking place all day. both sides have been trading paper, ideas and that talks continue. we understand legislative staff will continue working into this evening. meanwhile, huer is a fair and balanced look at where things stand. >> i do think that something will happen over the next few days relative to the revenue piece. hopefully we can rescue most americans from a tax...
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Dec 30, 2012
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mike, you just got new details 23r* mitch mcconnell. what are they? >> that's right. discussions have been taking place all day. both sides have been trading paper, ideas and that talks continue. we understand legislative staff will continue working into this evening. meanwhile, huer is a fair and balanced look at where things stand. >> i do think that something will happen over the next few days relative to the revenue piece. hopefully we can rescue most americans from a tax increase. but what we haven't dealt with again is the spending component. jay we just can't afford -- >> we just can't afford a politically self-inflicted wound to our economy. keeping it that way means folks you sent to washington have to do their jobs. the housing market is healing, but that could stall as folks are seeing smaller paychecks. >> with time running out, it sounds like conservatives may have to fight spending when raising the debt ceiling is the new fight in the new year. harris? >> mike, democrats say they know they need republican help to get this through. they are counting on a
mike, you just got new details 23r* mitch mcconnell. what are they? >> that's right. discussions have been taking place all day. both sides have been trading paper, ideas and that talks continue. we understand legislative staff will continue working into this evening. meanwhile, huer is a fair and balanced look at where things stand. >> i do think that something will happen over the next few days relative to the revenue piece. hopefully we can rescue most americans from a tax...
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Dec 27, 2012
12/12
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just listen to senator mcconnell today. listen to this. >> i say i'm a little frustrated because we've been asking the president and the democrats to work with us on a bipartisan agreement for months. the president chose to spend his time on the campaign trail. now, republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement. but we had no takers. >> just to be factual, on november 29th, the president made his opening offer to the gop. mcconnell actually burst into laughter. you can't laugh at a non-proposal. on november 17th, the president made a second offer with concessions on taxes and entitlement. so here's three occasions. yet, they claim no proposal. or this is the first proposal. how do you deal people no leadership and that are not telling the truth? >> and to think the president cut short his christmas vacation to come back and deal with this situation, look, the president ran -- mitch mcconnell is the minority leader. but what was the president doing on the campaign t
just listen to senator mcconnell today. listen to this. >> i say i'm a little frustrated because we've been asking the president and the democrats to work with us on a bipartisan agreement for months. the president chose to spend his time on the campaign trail. now, republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement. but we had no takers. >> just to be factual, on november 29th, the president made his opening offer to the gop....
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Dec 29, 2012
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mitch mcconnell. [applause] >> over the years, we recognized many remarkable men and women in this place of honor. all of them extraordinary. it would be foolish to make comparisons among them. for me at least, today's ceremony was particularly meaningful. i first came to know the woman we honor today two decades ago. and told the story of her struggle. and to make that cause -- it was impossible not to be moved by her quiet resolve, her hidden, luminous heroism and it is impossible today all these years later not to be moved by the fatah that this most unlikely of revolutionaries may yet witness the deepest longings of her heart. representative, democratic system in which the people of burma are able to fully enjoy their god-given rights. it is in this hope that we stand today with the people of burma and with aung san suu kyi knowing that whatever the future holds, she will fight unflinchingly to the end. in this place surrounded by the statues of our own national heroes and equality, we draw inspir
mitch mcconnell. [applause] >> over the years, we recognized many remarkable men and women in this place of honor. all of them extraordinary. it would be foolish to make comparisons among them. for me at least, today's ceremony was particularly meaningful. i first came to know the woman we honor today two decades ago. and told the story of her struggle. and to make that cause -- it was impossible not to be moved by her quiet resolve, her hidden, luminous heroism and it is impossible today...
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Dec 30, 2012
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senate majory leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders in the u.s. senate try to reach a compromise. something perhaps along the line of what is being negotiated between the speaker and the president a couple of weeks ago. perhaps a tax increase for amounts of more than $400,000 or $500,000 per year. also, senate leaders want to includsomething on the este tax, according to a white house official. we'll can also be key to this is that the white house officials are also telling fox news and ed henry that it appears as though the debt ceiling is not part of that. this is a huge nonstarter for republicans in the house. they wa
senate majory leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders in...
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Dec 30, 2012
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i was told by another source that mcconnell offered this last night. and that the democrats formally rejected it about an hour ago. this is important because the good news is we weren't hearing a lot of details. it definitely could be a employ and it probably is part of a employ to make republicans understand they're serious. they mean it, the democrats, when they say they're not going to go for this. what the technical term is chain cpi. they're not going to go for it. but if it is not that, if it is really genuine and the republicans won't back down on this. then it could be a very, very bad omen for getting this kind of deal. because we only really have hours to go. >> well, let's talk about that the timeline here. if a deal isn't reached today, they could hold a vote tomorrow, could we see this possibly dragging on to new year's day? >> possibly. but the plan as far as senate democrats go and they're in charge of the senate is as follows. if this setback isn't fixed over the next few hours, then what senate democrats plan to do by this evening is t
i was told by another source that mcconnell offered this last night. and that the democrats formally rejected it about an hour ago. this is important because the good news is we weren't hearing a lot of details. it definitely could be a employ and it probably is part of a employ to make republicans understand they're serious. they mean it, the democrats, when they say they're not going to go for this. what the technical term is chain cpi. they're not going to go for it. but if it is not that,...
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Dec 28, 2012
12/12
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the president said he is urging the senate leaders, reid and mcconnell to come back to him with a plan by sunday. he says if they're unable to do that, then he is demanding that his backup proposal from last week allowing tax rates to rise for those making $250,000 and extending unemployment we was for 2 million jobless americans whose benefits will run out on january 1st, he wants that proposal to go to the house and the senate, the senate first, and demands an up or down vote. >> if you can get a majority in the house and a majority in the senate, then we should be able to pass a bill. so the american people are watching what we do here. obviously their patience is already thin. this is deja vu all over again. >> again, the president reiterated he wants that up or down vote and says that the american public deserves it. the president's remarks came after an hour meeting -- let me try that again. the president's remarks came an hour and a half after he finished a white house talking session on the fiscal cliff with republican leaders john boehner and mitch mcconnell and democratic lea
the president said he is urging the senate leaders, reid and mcconnell to come back to him with a plan by sunday. he says if they're unable to do that, then he is demanding that his backup proposal from last week allowing tax rates to rise for those making $250,000 and extending unemployment we was for 2 million jobless americans whose benefits will run out on january 1st, he wants that proposal to go to the house and the senate, the senate first, and demands an up or down vote. >> if you...
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Dec 29, 2012
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mcconnell, from the way i read it, mcconnell and reid took it away from the president and said , let us to work our own deal by ourselves, kind o cutting him out of the negotiations. >> that's basically it. with the president said was, you can come up with an alternative plan, one that can pass both houses of congress. if not, the president wants a vote on his plan only in the senate and inthe house. the house leaders were non-committal. you also go back to the first time the bush tax cuts were expiring back in 2010, that was a deal cut between vice president joe biden and minority leader mitch mcconnell at that time where they stand at all the tax cuts and apparel tax cut and the unemployment benefits. so the leader coming in again trying to up for some type of compromise and get to the senate. for now the white house is letting the senate worked its magic. tom: interesting. but you very much. well, r-texas congressman michael burgess says we need much deeper spending cuts than anyone is talking about. congressman, you know what they say, well, no, no, this austerity stuff will put
mcconnell, from the way i read it, mcconnell and reid took it away from the president and said , let us to work our own deal by ourselves, kind o cutting him out of the negotiations. >> that's basically it. with the president said was, you can come up with an alternative plan, one that can pass both houses of congress. if not, the president wants a vote on his plan only in the senate and inthe house. the house leaders were non-committal. you also go back to the first time the bush tax...
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Dec 27, 2012
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>> mcconnell, i don't great with steve. i've had january 10th in the pool for quite some time as the day they come to an agreement. i think the question is will the republicans have any leverage at that point to get the spending cuts and entitlement reforms that were on the table before they're going to give up their leverage? and .i think they're going to listen to fight another day when the country runs out of money sometime at the end of february. we saw tim geithner the treasury secretary say december 31st is the day when we technically reach the debt limit. they're going to move some things around. after a couple of months, i think that's the next battleground. it just never ends. >> and we'll take a look at that. what geithner said was he was writing to inform the congressional leaders that a debt limit would be reached on december 31st, 2012, and notify you. the treasury department will begin taking extraordinary measures authorized by law to temporary regardly postpone the date that u.s. would otherwise default on i
>> mcconnell, i don't great with steve. i've had january 10th in the pool for quite some time as the day they come to an agreement. i think the question is will the republicans have any leverage at that point to get the spending cuts and entitlement reforms that were on the table before they're going to give up their leverage? and .i think they're going to listen to fight another day when the country runs out of money sometime at the end of february. we saw tim geithner the treasury...
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so mcconnell wants a deal. they are negotiating with harry reed as was mentioned behind closed doors. look, there's still a lot of room that mcconnell needs to move and reed needs to accept to get there. both on the tax rate side and what would come along with that and whether any spending cuts would be part of any equation. but mitch mcconnell made positive sounds yesterday. and i think that led folks to say, hey, maybe there's at least an outside chance of getting a deal. >> if a deal gets done, it will be a much smaller deal than both sides thought they would be able to reach if you asked them a few months ago. the president has a full agenda in the coming year. he said that he wants to do something on immigration. he is indicating that he would like to do something with regard to gun control and there's been talk on energy legislation. but it looks like raising the debt ceiling is not part of the deal. that is four major political fights that the president has on his hands. what is going to get lost the lon
so mcconnell wants a deal. they are negotiating with harry reed as was mentioned behind closed doors. look, there's still a lot of room that mcconnell needs to move and reed needs to accept to get there. both on the tax rate side and what would come along with that and whether any spending cuts would be part of any equation. but mitch mcconnell made positive sounds yesterday. and i think that led folks to say, hey, maybe there's at least an outside chance of getting a deal. >> if a deal...
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Dec 24, 2012
12/12
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finally, mitch mcconnell has stayed on offense. on the senate floor on friday he argued the democrats poisoned the well by declaring boehner's plan b dead on arrival. >> and he is up for reelection in 2014. by all polling, it looks like it will be a lot tougher. he also has a colleague in rand paul, who is a tea partier. you put all those factors together and it could be that mcconnell may have to step up because that is what you have to do to get some sort of deal at the moment, we have not seen that happen. host: from mark williams, what will be specifically affected in the economy if we go over the cliff? guest: instead of giving you my own numbers, let me use the congressional budget office estimates. if we go over the cliff, and if the clip stays in place for the whole year -- clef stays in place for the whole year, gdp will go into negative territory. that will push this into a short-term recession. economic growth below zero. unemployment will rise from current levels to about 9%. we will put in place the worst fiscal policy
finally, mitch mcconnell has stayed on offense. on the senate floor on friday he argued the democrats poisoned the well by declaring boehner's plan b dead on arrival. >> and he is up for reelection in 2014. by all polling, it looks like it will be a lot tougher. he also has a colleague in rand paul, who is a tea partier. you put all those factors together and it could be that mcconnell may have to step up because that is what you have to do to get some sort of deal at the moment, we have...
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Dec 30, 2012
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i'm confident senator mcconnell will do the same. but everybody -- whatever everybody comes up with is going to be imperfect. some like it. some like it less, and that's where we are. i have the confidence we're going to do the best we can. that's the message in the white house. we we're going to do the best for the country that's waitinger for us to make a decision. >> clarence, you even seen this movie, right? >> well, yeah. at least in the works on the senate side. on the house side, we still don't know about those hard core intransigents, and even if the senate does come up with something, if the house can agree to go along with it, as kristen said, you have to have all the democrats and about 30 republicans. there's only about six republicans that are familiar to democrats. the rest don't seem to lose any points as far as they're concerned by appearing to be as much of a road block as they can, even if it means going over the fiscal cliff. so if harry reid and mr. mcconnell can't come up with something, then you've got barack ob
i'm confident senator mcconnell will do the same. but everybody -- whatever everybody comes up with is going to be imperfect. some like it. some like it less, and that's where we are. i have the confidence we're going to do the best we can. that's the message in the white house. we we're going to do the best for the country that's waitinger for us to make a decision. >> clarence, you even seen this movie, right? >> well, yeah. at least in the works on the senate side. on the house...
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Dec 28, 2012
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today the senate majority leader mitch mcconnell said there is still time to work out a deal. however, there is no firm evidence of any real plan. here is what we do know tonight. president obama cutting his vacation short arriving back in washington today. house lawmakers announcing late today they are now planning to return on sunday. but listen to the rhetoric. and you have to question whether that will do any good because near early everything that is coming out of d.c. is about blame. not answers. >> speaker boehner should call members of the house back to washington today. he shouldn't have let them go in fact. they are not here. they are not here. john boehner seems to care more about keeping his speakership than about keeping the nation on firm financial footing. >> harris: a spokesman for john boehner fired back "senator reid should talk less and legislate more." and senate minority leader mcconnell saying we should have worked all this out months ago. >> and republicans aren't about to write a blank check or anything senate democrats put forward just because we find
today the senate majority leader mitch mcconnell said there is still time to work out a deal. however, there is no firm evidence of any real plan. here is what we do know tonight. president obama cutting his vacation short arriving back in washington today. house lawmakers announcing late today they are now planning to return on sunday. but listen to the rhetoric. and you have to question whether that will do any good because near early everything that is coming out of d.c. is about blame. not...
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Dec 29, 2012
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minority leader mitch mcconnell to ensure no republicans block the bill. for house speaker john boehner to agree to bring it to a vote on the house floor, and leader nancy pelosi to produce the huge number of democrats needed to pass it. but if that plan falls through -- >> then i will urge senator reid to bring to the floor a basic package for an up or down vote. >> the president's basic package has much more for democrats to like. so don't expect that to get very far. but all sides now agree the senate must first pass a bill before the house makes any kind of move. so all eyes will be on mitch mcconnell and harry reid and their negotiators holed up on capitol hill. the senate comes back into session at 1:00 on sunday. >> jessica yellin, thanks. >>> and with the pressure now squarely on the senate to fix the fiscal cliff, they will lead the talks this weekend. a period of time reid calls, quote, very important, mcconnell says he's hopeful both sides will have a plan to present to their respective members as early as tomorrow. and other republican and demo
minority leader mitch mcconnell to ensure no republicans block the bill. for house speaker john boehner to agree to bring it to a vote on the house floor, and leader nancy pelosi to produce the huge number of democrats needed to pass it. but if that plan falls through -- >> then i will urge senator reid to bring to the floor a basic package for an up or down vote. >> the president's basic package has much more for democrats to like. so don't expect that to get very far. but all...
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Dec 29, 2012
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some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know what the outcome is going to be, the question is how much punishment do they want to take? it is possible that they would wait after january 1. they could say we're going to cut taxes now instead of vote to allow them to go up. gwen: let's move on. because there's one more thing we want to go to. from iran to syria to libya to egypt to israeli, palestinian standoff over gaza, the obama administration's wishes have seldom been.raedpt >> we and the world haveed join in condemning the brutality of the assad regime. >> no one wants to determine what happened that night in benghazi more than the president and i do. >> and this administration has either been guilty of colossal incompetence or engaged in a coverup. >> a red line should be drawn right here. before iran completes the second stage of nuclear en
some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know what the outcome is going to be, the question is how much punishment do they want to take? it is possible that they would wait after january 1. they could say we're going to cut taxes now instead of vote to allow them to go up....
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and we have sound from mitch mcconnell on the house floor and harry reid. >> we had a good discussion with the majority leader with the hopes to come forward as early as sunday to have a recommendation that i can make to my conference and the majority leader can make to his conference. >> i am going to do everything that i can. i'm confident that senator mcconnell will do the same, but everybody, this is whatever we come up with is going to be imperfect and some people aren't going to like it, and some people will like it less, but that is where we are. i feel confident that we have an obligation to do the best we can, and that was made very clear in the white house. we will do the best we can for the caucuses that we have and the country that's waiting for us to make a decision. >> clarence, you have seen this movie before. >> yes. >> it sounds like something is in the works, right? >> well, it sounds like something is in the works on at least the senate side. on the house side, we don't know about those hard core intransigent intransigents and whether even if the senate does come up
and we have sound from mitch mcconnell on the house floor and harry reid. >> we had a good discussion with the majority leader with the hopes to come forward as early as sunday to have a recommendation that i can make to my conference and the majority leader can make to his conference. >> i am going to do everything that i can. i'm confident that senator mcconnell will do the same, but everybody, this is whatever we come up with is going to be imperfect and some people aren't going...
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Dec 30, 2012
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mcconnell in your talks. my sources have said that those talks went very well and they've restarted the talks now between reid and mcconnell. now, it's going to go probably late tonight, late tonight. we'll have to see. >> okay. we're going to have to leave it there. that wraps things up for me. we continue to wait for a deal to be reached on capitol hill to avoid the fiscal cliff. you're watching msnbc, the place for politics. better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressur
mcconnell in your talks. my sources have said that those talks went very well and they've restarted the talks now between reid and mcconnell. now, it's going to go probably late tonight, late tonight. we'll have to see. >> okay. we're going to have to leave it there. that wraps things up for me. we continue to wait for a deal to be reached on capitol hill to avoid the fiscal cliff. you're watching msnbc, the place for politics. better. so now i can be in the scene. advair is clinically...
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Dec 26, 2012
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>> the ball seems to be in mitch mcconnell's court. does he filibuster anything that harry reid ends up making with president obama? we have a paired down legislation extending for income below $250,000 and doing something with unemployment insurance that you were talking about? the question is a senate filibuster, democrats need 60 votes and republican votes, mcconnell ends up filibustering and will there be senators who support the legislation and blocking the filibuster. a lot of gymsmanship and republicans when you lock at the situation in the house and the inability to pass along the other things, they are on the verge of taking a lot of blame if they filibuster the legislation and the house doesn't act on it. >> and only democratic support developing here. how much is he going to agree with the president when he has the election in 2014? some folks don't want to appear in any way too close to president obama right now. >> let's move on in terms of massachusetts. we got the information that ted kennedy jr. will not run. scott brow
>> the ball seems to be in mitch mcconnell's court. does he filibuster anything that harry reid ends up making with president obama? we have a paired down legislation extending for income below $250,000 and doing something with unemployment insurance that you were talking about? the question is a senate filibuster, democrats need 60 votes and republican votes, mcconnell ends up filibustering and will there be senators who support the legislation and blocking the filibuster. a lot of...
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he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors st hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> reporter: the president declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get the
he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors st hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with...
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it is interesting to hear mitch mcconnell talking about his good faith efforts. he knows that he just threw a monkey wrench into the negotiations y. think he is also doing it to protect speaker boehner and the republicans and the house because he doesn't want to send them a deal that he knows they are going to vote down. >> let's talk about the blame game going on. i want to play a piece of tape. republican this morning really blaming president obama. let's listen. >> what we're seeing here is a monumental failure of presidential leadership. the president is the only person with a pen who can sign this and it is the president's responsibility to work on something that the house will pass and the senate will pass. he is outsourcing this. he continues to campaign and lecture when he ought to be focusing on the number one problem that hurts us in the country which is our debt. >> what is your reaction to hearing that? >> that is a lot of nonsense and i think the american people who have been following this conversation recognize that the president has proposed a bal
it is interesting to hear mitch mcconnell talking about his good faith efforts. he knows that he just threw a monkey wrench into the negotiations y. think he is also doing it to protect speaker boehner and the republicans and the house because he doesn't want to send them a deal that he knows they are going to vote down. >> let's talk about the blame game going on. i want to play a piece of tape. republican this morning really blaming president obama. let's listen. >> what we're...
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mitch mcconnell is a tough place and this is the underreported part of the story. he has to figure out a deal that gets through the senate and doesn't make john boehner look too bad in the house and there are a lot of conservatives in the house that don't want to do any type of deal that would raise taxes on anybody even though they'll go up on the entire country the first tax hike in 20 years after monday night. >> and one would also assume that mitch mcconnell would have to back a grant, he could face a primary fight if this thing -- >> you touched on one of the great sub plots of these entire negotiations is personal things that boehner and mcconnell have in these negotiations. obviously, mcconnell doesn't want to have someone on the right come after him because he was in favor of a tax hike and john boehner's re-election as speaker of the house. and that would come across as a vote of no confidence. very embarrassing and they don't expect it happening and there's a lot at stake for mitch mcconnell and john boehner personally. great point you brought up. >> if t
mitch mcconnell is a tough place and this is the underreported part of the story. he has to figure out a deal that gets through the senate and doesn't make john boehner look too bad in the house and there are a lot of conservatives in the house that don't want to do any type of deal that would raise taxes on anybody even though they'll go up on the entire country the first tax hike in 20 years after monday night. >> and one would also assume that mitch mcconnell would have to back a...
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Dec 29, 2012
12/12
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he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> reporter: the president declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get th
he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with...
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Dec 29, 2012
12/12
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senators reids and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. but given how things have been working in this town, we always have to wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i've asked senator reid to do this, put a bill on the floor that makes sure that taxes on middle-class families don't go up. that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. >> all of this still developing. and we will have more on all of it with mark shields and david brooks later in the program. >> also ahead >> warner: also ahead, between now and then; protesting a gang rape in india; mass producing high quality education
senators reids and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. but given how things have been working in this town, we always have to wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate, i expect a...
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Dec 27, 2012
12/12
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people should simmer down a little bit. >> we need to go to mitch mcconnell who is speaking. let's take a look. >> a bipartisan agreement literally for months. a plan that would simplify the tax code, shrink the deficit, protect the taxpayers, and grow the economy. but democrats consistently rejected those offers. the president chose, instead, to spend his time on the campaign trail. this was even after he got re-elected. and congressional democrats sat on their hands. now, republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement. but we had no takers. the phone never rang and so now here we are five days from the new year and we might finally start talking. democrats have had an entire year to put forward a balanced bipartisan proposal. and if they had something to fit the bill, i'm sure the majority leader would have been able to deliver the votes the president would have needed to pass it here in the senate. and weapon wouldn't be in this
people should simmer down a little bit. >> we need to go to mitch mcconnell who is speaking. let's take a look. >> a bipartisan agreement literally for months. a plan that would simplify the tax code, shrink the deficit, protect the taxpayers, and grow the economy. but democrats consistently rejected those offers. the president chose, instead, to spend his time on the campaign trail. this was even after he got re-elected. and congressional democrats sat on their hands. now,...
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Dec 29, 2012
12/12
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it will really be up to negotiations between senator reid and senator mcconnell. i really do not think most of us who have been up here for awhile want to see a nuclear situation where 51 votes could basically govern the way the united states senate functions. so, we are hopeful, both of us. we have greeted our respective caucuses at lunch today. concerns were raised. we had a vigorous discussion. senator levin's caucus was somewhat more vigorous than mine. we did have a vigorous discussion and hopefully this will prevent us from going over to 51 votes on january 3. over a senateom going cliff on january 3. >> two comments. the current rule would not be amended. we would have a standing order which has the same effect as a rule to put in place to procedures which i have outlined. two additional procedures -- one of them is up to the majority leader by himself. that would be whether or not to proceed to a bill with this assurance of two amendments per side up front. the second additional option of the majority leader would be where there is a joint cloture petition
it will really be up to negotiations between senator reid and senator mcconnell. i really do not think most of us who have been up here for awhile want to see a nuclear situation where 51 votes could basically govern the way the united states senate functions. so, we are hopeful, both of us. we have greeted our respective caucuses at lunch today. concerns were raised. we had a vigorous discussion. senator levin's caucus was somewhat more vigorous than mine. we did have a vigorous discussion and...
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Dec 27, 2012
12/12
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>> senator mcconnell's probably in the best position. he's in very close touch with the president, the white house and democrats in both the senate and the house have been in very close coordination throughout this. they have been in lockstep. it was interesting to note that when we saw the plan "b" chaos just before christmas the house democrats stood firm. they stood united. historically, that's not the play of the democratic party but that does seem to be where the democrats are right now. the president is back today so there can be an opportunity for some discussions to resume. but boehner has made it clear that's it up to the senate at least in his opinion to make the next move. >> david, senator reid today accused speaker boehner of ca caring more about his job than, quote, keeping america on firm financial footing. >> right. >> that's the quote there. congressman tom cole asked about that earlier today. this was his answer. take a listen. >> he had the complete support of everybody for plan "b" and support in terms of speakership
>> senator mcconnell's probably in the best position. he's in very close touch with the president, the white house and democrats in both the senate and the house have been in very close coordination throughout this. they have been in lockstep. it was interesting to note that when we saw the plan "b" chaos just before christmas the house democrats stood firm. they stood united. historically, that's not the play of the democratic party but that does seem to be where the democrats...
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Dec 28, 2012
12/12
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let's lis ep to what mitch mcconnell said about that? >> the senate bill passed with ome democratic votes and despite this repeated calls for the house to pass it. he knows that he himself is the reason it can't happen. the paperwork never left the senate. i said at that time we knew it didn't pass constitutional muster. it has one procedural rule for congress that all tax bills must reg nate in the house of representatives. of course they can do what they want. there is a niss of ways in which they have got ten around this thing in the past. as to why they are not passing the ball. if this is what he is clinning to now, it is like he is not clinging to much. >> this is a chamber that has not seen is some of the greatest offereds come through it. and here he is saying the paperwork has yet to leave the senate. >> and he also knows that it is silly. yes, that particular big cannot be taken up in the house. but sandy levin has a bill that is i'd wall. all bhoehner has to do is make those changes on the noor. the idea that they would love t
let's lis ep to what mitch mcconnell said about that? >> the senate bill passed with ome democratic votes and despite this repeated calls for the house to pass it. he knows that he himself is the reason it can't happen. the paperwork never left the senate. i said at that time we knew it didn't pass constitutional muster. it has one procedural rule for congress that all tax bills must reg nate in the house of representatives. of course they can do what they want. there is a niss of ways in...
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Dec 29, 2012
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senator harry reid and mitch mcconnell are trying to hammer out a deal the house might approve, but the house is ticking. joining us now are our political strategists. brendan, the president today said is he going to have senator mcconnell, senator reid start off on this package, but doesn't that eliminate a big player in this, which is john boehner, if this has to get passed through the house? >> certainly and he's been talking with the speaker all along. i think he's basically saying the house is really at an impasse. i don't think they can pass it on their own, but if there's a bipartisan deal that senate republicans and senate democrats can pass, the speaker's office indicated they may bring it up in the house even if they only get 1/3 or 1/2 of the republicans, if there are enough democrats, it can pass in the house. that's really been the problem. the speaker wants to bring a bill and get the majority. >> jack, let me ask you, one of the complaints we've heard is that speaker boehner has a policy he does not bring a bill to the floor of the house that does not have a majority repu
senator harry reid and mitch mcconnell are trying to hammer out a deal the house might approve, but the house is ticking. joining us now are our political strategists. brendan, the president today said is he going to have senator mcconnell, senator reid start off on this package, but doesn't that eliminate a big player in this, which is john boehner, if this has to get passed through the house? >> certainly and he's been talking with the speaker all along. i think he's basically saying...
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Dec 30, 2012
12/12
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the republican team in mcconnell's office. they are gaming out what they want and throw in offers across the table. the good news is they are trading those offers. >> t.j., can i say a word in defense of asinine politicians? the asinine politicians are reflecting real divisions in the country, divisions of self-interest, divisions of philosophy. it's more difficult to do because of the structure of our system, the way the two parties developed. ultimately, they are talking act thing that is cost people money and things that would benefit others financially. those are difficult issues to settle. you know, our system was designed to make them difficult to settle, not as difficult as they are in this circumstance. that's the nature of democracy. people said it's the worst form of government except for the other ones. >> you are right there. this is how it gets done. something seems wrong. it's accepting. i'm literally watching a clock here, tick, tick, tick as we get closer to the deadline. thank you both for being here. i know w
the republican team in mcconnell's office. they are gaming out what they want and throw in offers across the table. the good news is they are trading those offers. >> t.j., can i say a word in defense of asinine politicians? the asinine politicians are reflecting real divisions in the country, divisions of self-interest, divisions of philosophy. it's more difficult to do because of the structure of our system, the way the two parties developed. ultimately, they are talking act thing that...
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Dec 30, 2012
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mcconnell and joe biden. so there's an indication of how things are going. >> you wrote that democrats are hesitant to put a deal on the senate floor with no republican backing, because it just offers them a chance to score political points when public opinion does seem to be favoring the democrats. democrats don't have an incentive to waste a show of support for something that can't pass, right? >> that's exactly where democrats are. they feel like they want to get a deal with republican backing, if they can. but remember on friday, the president kind of put republicans in a box. he said either cut a deal in the senate and push it through, or i'm going to ask harry reid to put my scaled back plan on the senate floor. and remember that scaled back plan has tax increases for everybody who makes over $250,000, which republicans don't love at all. i'll have harry reid put that on the floor and you'll have to block it. and you will have to then take responsibility for not pushing it through. so republicans are a
mcconnell and joe biden. so there's an indication of how things are going. >> you wrote that democrats are hesitant to put a deal on the senate floor with no republican backing, because it just offers them a chance to score political points when public opinion does seem to be favoring the democrats. democrats don't have an incentive to waste a show of support for something that can't pass, right? >> that's exactly where democrats are. they feel like they want to get a deal with...
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Dec 30, 2012
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you heard senator mcconnell talk about that on the floor. we are still awaiting a counteroffer by the democrats. and there was an indication that we could have received that by 10:00 this morning. we have yet to receive it. but there are discussions that continue. senator mcconnell and vice president biden are continuing to discuss this and we think there perhaps still could be a path forward. the one thing that is a, you know, democrats come out and made a big deal out of chained cpi, republicans are very concerned that if that not be used as an offset to reduce or to replace some of the spending cuts that you would occur in the sequester, that democrats put forward an alternative and so this is a process. obviously, there's a lot of give and take going on now, but republicans don't want to see new revenues, in other words, democrat tax increases, be used for new spending. so that's sort of where many of our members have drawn the line now. >> that is where it times to be one of the big road blocks are right now, democrats -- you-all want t
you heard senator mcconnell talk about that on the floor. we are still awaiting a counteroffer by the democrats. and there was an indication that we could have received that by 10:00 this morning. we have yet to receive it. but there are discussions that continue. senator mcconnell and vice president biden are continuing to discuss this and we think there perhaps still could be a path forward. the one thing that is a, you know, democrats come out and made a big deal out of chained cpi,...
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Dec 29, 2012
12/12
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he is leaving it in the hands of harry reid and mitch mcconnell. can they craft a package that members of speaker boehner's caucus would approve? that is what it is going to take, isn't i >> it is. and it could be possible, adam. e next 24 hours will let us know. we have a reedout from our colleague henry, according to a senior white house official exactly how this meeting went down. this according to a white house official. basically the president said, you know, look if the speaker can not come up with some type of compromise, or republican and democratic leaders can not come up with some kind of compromise, would they put up the president's plan $250,000 below vote in the house, the white house officials said the speaker was noncommittal. the white house officials said that it does not appear that the debt ceiling is part of this. that is a major obstacle for republicans in the house. they said that they wanted for the president a four year plan the debt ceiling. it could help carve the vote. adam: when the president says nobody gets 100% of wha
he is leaving it in the hands of harry reid and mitch mcconnell. can they craft a package that members of speaker boehner's caucus would approve? that is what it is going to take, isn't i >> it is. and it could be possible, adam. e next 24 hours will let us know. we have a reedout from our colleague henry, according to a senior white house official exactly how this meeting went down. this according to a white house official. basically the president said, you know, look if the speaker can...
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Dec 28, 2012
12/12
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senators reids and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. but given how things have been working in this town we always have to wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate i expect a bill to go on the floor. and i've asked senator reid to do this put a bill on the floor that makes sure that taxes on middle-class families don't go up. that unemployment insurance is still available for 2 million people and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. >> all of this still developing. and we will have more on all of it with mark shields and david brooks later in the program. >> also ahead >> warner: also ahead, between now and then; protesting a gang rape in india; mass producing high quality education and
senators reids and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. but given how things have been working in this town we always have to wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate i expect a bill...
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Dec 27, 2012
12/12
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senators reid and mcconnell talking past each other. sounds like we're not exactly close to a fiscal cliff resolution at this point. >> yeah. what does it all mean for wall street? will it be an ugly day? michael guyette from pension partners and michael farr from farr miller in washington and our very own rick santelli. michael, i'll get to you in a minute. the markets moved up and closed marginally in the red on the news the house will reconvene on sunday night. i get the feeling that all of that back and forth between senators reid and mcconnell, had that come out during market hours, the market would have reacted very differently. so far apart. i didn't hear anything in the way of compromise there. >> even before of the house meeting, marks were down 1.2%. that's noise but not really a panic. the result of the fiscal cliff here is not risk off. it's risk protation into those areas of the investable landscape. look at emerging markets, lock at europe. they are decoupling. if anything, price is still very bull ir. i would rather liste
senators reid and mcconnell talking past each other. sounds like we're not exactly close to a fiscal cliff resolution at this point. >> yeah. what does it all mean for wall street? will it be an ugly day? michael guyette from pension partners and michael farr from farr miller in washington and our very own rick santelli. michael, i'll get to you in a minute. the markets moved up and closed marginally in the red on the news the house will reconvene on sunday night. i get the feeling that...